Commercial Mortgage Thornhill

Mortgage Agents/Brokers Serving Scarborough, Ontario

Residential & Commercial Mortgages In Scarborough, Ontario

Private Mortgages | Mortgage Refinancing | Self-Employed Mortgages

Based on our experience, due to the type of demography in the Scarborough area, the residents face many challenges while looking to buy a home and trying to get the most out of their investment. Mortgage rates can be volatile in a fluid economy, and getting the best rate comes down to selecting the right mortgage from the right lender at the right time. Obtaining an outstanding mortgage is the result of extensive research that requires many considerations. Having an expert by your side to navigate through the process ensures that you get the best rate when making your decision.

At MassMortgageGroup.com, our Scarborough mortgage brokers and mortgage agents will help you choose the best mortgage products that suit your mortgage needs. Our expert mortgage brokers and mortgage agents will take the time to assess your situation and need to get your first, second, or third mortgage approved. Due to a diverse set of clients and their unique needs, our mortgage solutions and services are also unique to every individual. Not only do we offer competing mortgage rates, but we also strive to provide exceptional customer service. Scarborough home buyers can confidently experience their home hunting process with our team of expert mortgage agents and brokers.

APPLY FOR A MORTGAGE

Speak Today to one of Our Scarborough Mortgage Agents or Brokers at (905) 707-9595

Why Choose
MassMortgageGroup.com?

Mass Mortgage Logo
  • 10+ years of Mortgage Experience
  • Have access to a network of over fifty lenders
  • Efficient Mortgage Service: Quick, friendly and highly customer-centered
  • Independent Mortgage Brokers who work for you, and not the bank
  • Have Access to more options and customized mortgage solution

Mortgage Services Scarborough

Let our team of Scarborough mortgage agents and brokers help you to find a mortgage that fits your needs!

Our Ontario based Mortgage Broker Offers the following services

  • Residential Mortgages Scarborough

    Residential Mortgages

    Our Scarborough residential mortgage brokers/agents have the experience to secure a wide spectrum of mortgages. We can help you with all your mortgage needs!

  • Home Equity Loans Scarborough

    Home Equity Loans

    Home equity line of credit is a kind of revolving loan that is secured against the equity of your house. Get access to the equity in your home now by obtaining a Line of credit.

  • Mortgage for Professionals Scarborough

    Mortgage for Professionals

    We’ve designed a more affordable home ownership solution for professionals like you, so you can get you into your dream home with the least amount of stress.

  • Self-Employed Mortgage Scarborough

    Self-Employed Mortgage

    If you are self-employed or a business owner & not able to provide the confirmable income documents, our Scarborough mortgage broker has several mortgage solutions for you.

  • First & Second Private Mortgages Scarborough

    First & Second Private Mortgages

    As mortgage professionals, we have access to non-traditional lenders. Our Scarborough Mortgage Brokers can quickly assess your situation and decide on the best way to move forward.

  • Commercial Real Estate Loans Scarborough

    Commercial Real Estate Loans

    Our Scarborough Mortgage Broker arranges a wide range of commercial mortgages. We work with institutional and private lenders to get you the right mortgage for any commercial property.

  • Construction Loan/Financing Scarborough

    Construction Loan/Financing

    Let our Scarborough Mortgage Agents/Brokers take a look at your Construction project & customize a Mortgage Solution that suits your needs. Give us a call to discuss further!

  • Business Loan Scarborough

    Business Loan

    Our Scarborough Mortgage Brokers offer business financing solutions with a very unique feature. Our financing solution will help your business to grow faster.

  • 1. WHAT IS THE ADVANTAGE OF WORKING WITH A MORTGAGE AGENT/BROKER?
  • 2. WHAT IS A HOME EQUITY LOAN?
  • 3. WHAT ARE THE ADVANTAGES OF A HOME EQUITY LOAN?
  • 4. WHAT CAN I USE A HOME EQUITY LOAN FOR?
  • 5. HOW DO I CALCULATE THE EQUITY IN MY HOME?
  • 6. WHAT IS A SECOND MORTGAGE?

Experience: All our mortgage brokers are well-versed in every aspect of the mortgage industry. Moreover, our team consists of seniors, with each possessing more than ten years of experience.

Independent: While we represent both borrowers and lenders, we are independent brokers who work for you, and not the bank! This is because our business is primarily built through referrals, which means your satisfaction and your positive mortgage experience is essential for our business.

Efficient service: Our services are quick, friendly, and highly customer-centered. We are committed to serving you even after your transaction is complete. We’re available at all times to answer your questions and work around your schedule, to help you save time and energy.

Excellent connections: We have access to a network of over fifty lenders, which enables us to offer various programs as well as customize each mortgage product to suit your needs. With us, the SKY is your limit, not your bank!

No cost. We get compensated by the lender for arranging mortgages. So, fees are the least concern for the majority of our clients. All our mortgage market updates and annual reviews provided by our agents are also free of cost.

Real estate usually appreciates over time, so the chances are the value of your home has increased since you bought it. By obtaining a Home Equity Loan or Mortgage, you can get access to money based on the increased market value.

You can calculate how much you can borrow with a home equity loan by using the following equation:
PRESENT VALUE OF YOUR HOME – THE AMOUNT OWING ON YOUR MORTGAGE = HOME EQUITY

For example:
If you bought a home 20 years ago for $400,000 and have paid $250,000 of your first mortgage you now only have $150,000 remaining to pay.

Over the twenty years that you have owned the home, its value has increased, giving it a present-day value of $850,000. By taking the present-day value and subtracting the amount remaining on your mortgage, you will get your home’s equity.

$850,000 (PRESENT DAY VALUE) – $150,000 (AMOUNT REMAINING ON INITIAL MORTGAGE) = $700,000

With MASS Mortgage Group’s home equity loan, you can have access to a portion of your home’s equity within ten days.

Capitalizing on a Home Equity Loan has two primary advantages.

  1. Lower interest rate.
    The interest rate you pay on your average home equity loan is lower than the interest rate you will pay on your average credit card by at least eight percent. Home equity loans also have a lower interest rate than personal loans and other types of non-secured debt.
  2. Tax savings.
    If you obtain a home equity loan, you may be able to deduct the interest you pay on the money you borrow. However, it depends on what the money is used for. Also, the interest you pay on credit cards and personal loans is generally not tax-deductible.

You can use a home equity loan for anything you need the money for. Some of the common reasons people apply for a home equity loan are:

  • Home improvements
  • Investment purposes
  • Debt consolidation
  • To buy another piece of property
  • Pay off educational expenses/tuition
  • Start a business or grow an existing business
  • Take a dream vacation
  • Finance medical emergencies
  • For additional cash flow.

You can calculate how much equity exists in your home by using the following equation:
PRESENT VALUE OF YOUR HOME – THE AMOUNT OWING ON YOUR MORTGAGE = HOME EQUITY

To do so correctly, you first need to calculate how much home equity you have by following the formula mentioned above. Once you’ve determined your home’s equity, with MASS Mortgage Group’s home equity loan, you can have access to a portion of your home’s equity within ten days.

The mortgage you obtained to purchase your home is your first mortgage. Any subsequent mortgage or a home equity loan on the same house is considered to be your second mortgage.
Usually, a second or third mortgage is used by clients to consolidate outstanding debt from other sources and finance the following.

  • A home renovation
  • Pay for a child’s education
  • Start or finance a business
  • Any other reason you deem fit.

Before you obtain a second mortgage, you must have a thorough understanding of how it works. To help you better understand how second mortgages work, reach out to the experts at with MASS Mortgage Group. We will help find the best financing solution for you.

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